The relationships between conditions of hot-working and properties at high temperatures and the influence of the hot-working on response to heat treatment were investigated for an alloy containing nominally 20 percent molybdenum, 2 percent tungsten, and 1 percent columbium. Commercially produced bar stock was solution-treated at 2,200 degrees F. to minimize prior-history effects and then rolled at temperatures of 2,200 degrees, 2,100 degrees, 2,000 degrees, 1,800 degrees, and 1,600 degrees F. Working was carried out at constant temperature and with incremental decreases in temperature simulating a falling temperature during hot-working. In addition, a few special repeated cyclic conditions involving a small reduction at high temperature followed by a small reduction at a low temperature were used to study the possibility of inducing very low strengths by the extensive precipitation accompanying such properties. Most of the rolling was done in open passes with a few check tests being made with closed passes. Heat treatments at both 2,050 degrees and 2,200 degrees F. subsequent to working were used to study the influence on response to heat treatment.